A Penny Higher

Hawke's Bay Herald-Tribune, Issue 49, 13 March 1937, Page 15

A Penny Higher

— Press Asiooiation.i

WOOL IN DEMAND Animated Bidding At Christchurch VERY FEW PASSINGS

(By Tplegraph

CHRISTCHURCH, Last Night. Easily the most satisfaetoxy sale of the Christchurch season was the third auction held to-day, "When 26,000 bales were offered. Pricea all round were fully a penny higher than they were at the February 3ale, when the quality is taken into consideration, and the demand was mere widely and evenly distributed. Every class of wool found a ready purhhaser. Bidding was animated and sustained, and the passings were less than 1 per cent. The offering was typical of the third sale and included a good quantity of Marino and baok-country halfbred cHps, as well as a fair weight of crossbred from late shorn Peninsula elipe and from the West Coast. The wool was not in such good order as that offered at the eaTlier saies, the bad weather having left its marlc in a certain amount ,of yolk stain. However, there wae a :ibig quantity of useful wopl, though only odd lots of really super grade. The bidding was determined from almost every buying quarter. Bradford and America competed strongly for the crossbreds offered, and the buying was so determined that West Coast wools, which are usually rather shabby and carelessly gofc np, were not penalised. Japan was the mainstay of the market for halfbreds, returning strongly to the market, but for halfbred tyipes the Continent was strongly in the market, German buying was encouragingly heavier, and there was an appreciable demand from Australian mills for suitable halfbreds. The sale was entirely satisfactory and fully maintained for most types the values established at the first saies. The ■bidding was freer, and in contrast with ■the two previous saies, no one aeetion :of buyers was in control. It will be ■Tecalled that, at the first sale, Japancse leompetition wa? so strong for flner 1 wools that Bradford was entirely un-. •able to compete and the Continent liftjed only a small weight at the aecond ;sale. Shabbier types and hoggets were ;definitely cheaper. The better Merinos and halfbreds were up to a penny up, and in many cases the rise was more. HaJfbred hoggets weie about on a par, and medium halfbreds from par to a .penny. Fine three-quarterbreda and. all crossbreds were a full penny dearer. , Better piece wools were very firm at Jd to ld dearer, and bellies, locks and crutchings were fully firm. The top price of the sale was 24id, , which was paid for four bales of halfjbred ewe. Several lots made more than 22d. The best Merino price was 22q, which was reaehed by several lots. The top price for Merino pieces waa 20^d. ■ The best Corriedale pcieo waa 22|d. Crossbred made to lSfd, w'hich waa secured for a re-classed lot, but a number of lines made 18d and bette*. Range of Pficeg. The range of prices cOmpared with the seeond sale wa?:—

Feb. 1. March 12 , d. d, d. d. (Merino — Extra super — to 23J — to 22 Super .... 10 to 20 19 to 204 Medium ... 17 to I8| 17| to 10i Inferior ... 15 to 16J 14 to 17 t Corriedale— Super .. .. 20§ to 24 — to 22| Medium .. . 18$ to 20 19 to 21 Fine inf. .. 16 to 18 16$ to 18$ Halfbred — Extra super — to 25i — to 24$ Super .. .. 21$ to 24 22 to 24 Medium ... 19 to 21 19$ to 21$ Inferior .. 15 to 18$ 15$ to 19$ i Medium halfbred — Super .. .. 19 to 21$ 19$ to 22$ Medium ... i#J 16 to 18$ 16$ to 19$ Inferior .. ... 13 to 15$ 15 to 16$ , Extra fine crossbred— Super ... ... 16$ to 19 17$ to 20 Medium .. ... 15 to 16$ 16 to 17$ Inferior ... 12$ to 14$ 14 to 15} Fine crossbred— Super .. .. 15$ to 17$ 16$ te 18$ Medium .. ... 14$ to 15$ 15$ to 16$ Inferior .. 12$ to 14 13$ to 15 Medium crossbred — Super .. 16$ to 17$ — to 18 Medium .* .. 14$ to 16 15$ to 17$ Inferior .. . 13 to 14 14 to 15$ 1 PiecesSuper •. .1 . . 18 to 28 19 to 20$ Good .. .. 14$ to 17$ 15 to 18$ Medium .. . 12 to 14 12$ to 14$ Inferior ^ 9 to 11$ 9$ to 12$ BelliesGopd to sup. 14$ to 19 — 60 19 Inf. to med. 9$ to 14 10 to 15$ LocksGood to sup. 0$ to 11$ 10 • to 11$ Inf. to med. 7 to 9$ 8 to 9$